Will consolidating my student loans help my fico scores updating plsql


23-Jul-2020 21:03

People with "fair" to "exceptional" credit scores will have an easier time getting approved for a new loan, and will also be eligible for a lower interest rate.

The strategy is considered in situations where people want to streamline the repayment of multiple high-interest debt amounts—often with the hopes of saving money and lowering their debt burden.While debt consolidation is mainly a method of lowering or eliminating mounting debt, it can also have a positive effect on your credit score.